According to Kevin O’Leary, the convergence of Bitcoin (BTC) mining and AI is creating significant investment opportunities as miners diversify their operations to survive post-halving profit squeezes. O'Leary states that the massive power infrastructure built for bitcoin mining is now being repurposed for AI data centers, a move attracting institutional investors. He highlights that companies like Core Scientific (CORZ), Hive Digital (HIVE), and Hut 8 (HUT) are already pivoting their data centers to include AI services. O'Leary emphasizes that access to power is the critical factor, pointing to energy-rich regions like West Virginia, Texas, and Alberta, Canada as prime locations for these dual-purpose facilities. This strategic shift is framed as essential for North America to compete in the global 'AI wars,' particularly against China.

According to @DeepLearningAI, financial services firm Cantor Fitzgerald has issued a research note suggesting Core Scientific's (CORZ) stock could exceed $30 per share in a potential acquisition by AI cloud firm CoreWeave. This valuation is based on the long-term cash flows from a 12-year, $3.5 billion AI infrastructure deal with CoreWeave and the replacement value of Core Scientific's data centers, representing a potential doubling from its recent price. The analysis aligns with a broader industry trend, highlighted by Rittenhouse Research, where Bitcoin (BTC) miners are pivoting to AI infrastructure for more stable revenue streams compared to the volatile crypto mining market. This strategic shift is further evidenced by HIVE Digital Technologies (HIVE), which is acquiring a 7.2-megawatt data center in Toronto to establish a sovereign AI hub. However, not all pivots are successful, as seen with Bit Digital's stock drop after shifting to Ethereum (ETH) staking and Canaan's shuttered AI chip unit.

According to Farside Investors, there is a recurring issue with Hive being the last to release its monthly Bitcoin mining production reports. This delay in reporting can impact traders' ability to make timely decisions based on Hive's operational performance and may indicate potential operational or communication challenges within the company.

According to Farside Investors, there is a noticeable delay in Hive's reporting of their monthly Bitcoin mining production figures. This delay raises questions among investors and traders about the transparency and efficiency of Hive's operations. For traders, this could imply potential risks in relying on Hive's data for timely market decisions.

According to Farside Investors, there is concern regarding Hive's consistent delays in reporting their monthly production figures. This delay could potentially impact traders who rely on timely data for making informed decisions about their investments in Hive's cryptocurrency operations.

According to Farside Investors, all the main listed cryptocurrency miners have published their June 2024 production figures, except for HIVE Blockchain Technologies ($HIVE). The data reveals the significant impact of the Bitcoin halving event on mining output.